Question: 9) Consider the following average annual returns: Investment Average Return Small Stocks 20.4% S&P 500 13.9% Corporate Bonds. 7.5% Treasury Bonds 6.2% Treasury Bills 3.9%
9)
Consider the following average annual returns:
Investment Average Return
Small Stocks 20.4%
S&P 500 13.9%
Corporate Bonds. 7.5%
Treasury Bonds 6.2%
Treasury Bills 3.9%
The excess return for the portfolio of small stocks is _____%.
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